2023-11-15T16:30:25-06:00 2022-12-31 201766527 WAUGH & GOODWIN LLP 1365 GARDEN OF THE GODS STE 150 COLORADO SPRINGS CO 80907 990 2022-01-01 841284437 USA CYCLING INC USAC 7194344200 210 USA CYCLING POINT SUITE 100 COLORADO SPRINGS CO 80919 BRENDAN QUIRK CEO 7194344200 2023-11-15 1 BRENDAN QUIRK 999009999 0 RITA F CHRISTENSEN P00290681 7195909777 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROB DEMARTINI 210 USA CYCLING POINT SUITE 100 COLORADO SPRINGS CO 80919 16751948 0 X WWW.USACYCLING.ORG X 1994 CO USA CYCLING IS THE NATIONAL GOVERNING BODY FOR CYCLING, MAKING IT RESPONSIBLE FOR THE CONDUCT AND ADMINISTRATION OF CYCLING IN THE USA. THE MISSION OF USA CYCLING IS TO DEVELOP THE SPORT OF CYCLING IN THE UNITED STATES AT ALL LEVELS AND TO ACHIEVE SUSTAINED INTERNATIONAL RACING SUCCESS WHILE FOSTERING A SHARED COMMITMENT TO SAFETY, INTEGRITY, AND THE JOY OF CYCLING. 11 11 76 50 0 0 5511795 6696891 8338218 9332356 425066 323085 -813 15981 14274266 16368313 60000 0 0 0 5196070 5632719 0 0 377459 8346045 9302008 13602115 14934727 672151 1433586 20419898 20303511 7686501 7837779 12733397 12465732 X USA CYCLING IS THE NATIONAL GOVERNING BODY FOR CYCLING, MAKING IT RESPONSIBLE FOR THE CONDUCT AND ADMINISTRATION OF CYCLING IN THE USA. THE MISSION OF USA CYCLING IS TO DEVELOP THE SPORT OF CYCLING IN THE UNITED STATES AT ALL LEVELS AND TO ACHIEVE SUSTAINED INTERNATIONAL RACING SUCCESS WHILE FOSTERING A SHARED COMMITMENT TO SAFETY, INTEGRITY, AND THE JOY OF CYCLING. 0 0 5271150 COACHES, MECHANICS, TRAINING CENTER & ATHLETE DEVELOPMENT: NATIONAL ATHLETE DEVELOPMENT PROGRAMS SUPPORTED APPROXIMATELY 4,000 ATHLETE PARTICIPANT DAYS. APPROXIMATELY 800 TRAINED AND CERTIFIED COACHES AND RACE MECHANICS. 5232535 7349659 MEMBERSHIP AND EVENT SANCTIONING - APPROXIMATELY 78,000 MEMBERS ARE PROVIDED INSURANCE, RESULTS AND RANKINGS, AND RACING OPPORTUNITIES WHILE PARTICIPATING IN APPROXIMATELY 1,142 EVENTS. MEMBERS ARE ALSO PROVIDED WITH INFORMATION ABOUT CYCLING. 2163228 1978080 NATIONAL AND INTERNATIONAL EVENTS - APPROXIMATELY 10,525 ATHLETES PARTICIPATED IN 15 NATIONAL CHAMPIONSHIPS AND APPROXIMATELY 2,500 ATHLETES PARTICIPATED IN INTERNATIONAL EVENTS. 12666913 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 227 0 1 76 1 0 1 NL 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X X X THE CORPORATION 7194344200 210 USA CYCLING POINT SUITE 100 COLORADO SPRINGS CO 80919 X GREG ALLEN DIRECTOR - VICE CHAIRMAN 10.00 X 0 0 0 MATTHEW BARGER DIRECTOR - CHAIRMAN UNTIL DECEMBER 2022 15.00 3.00 X 0 0 0 CHAD BLANKENSHIP DIRETOR 2.00 X 0 0 0 MIKE COLE DIRECTOR 2.00 X 0 0 0 LUCIA DENG DIRECTOR 2.00 X 0 0 0 ED EWING DIRECTOR, PARTIAL YEAR 2.00 X 0 0 0 MADDIE GODBY DIRECTOR 2.00 X 0 0 0 DEREKA HENDON DIRECTOR 2.00 X 0 0 0 CARI HIGGINS DIRECTOR - CHAIRMAN AS OF DECEMBER 2022 15.00 X 0 0 0 MEREDITH MILLER DIRECTOR 2.00 X 0 0 0 REGGIE MILLER DIRECTOR, PARTIAL YEAR 2.00 X 0 0 0 ROBERT STAPLETON DIRECTOR, PARTIAL YEAR 2.00 2.00 X 0 0 0 MELANIE STRONG DIRECTOR 2.00 X 0 0 0 ALISON TETRICK DIRECTOR 2.00 X 0 0 0 BRENDAN QUIRK PRESIDENT & CEO 60.00 X 357662 0 38155 CARA MILLER CFO 30.00 X 0 0 0 TODD SOWL FORMER CFO AND TREASURER 60.00 X 459341 0 36621 NANCY COWAN EXECUTIVE ASSISTANT AND SECRETARY 50.00 X 97059 0 18954 CHARLES HODGE CHIEF OF RACING AND EVENTS 50.00 X 255303 0 48036 ERIKA LEHMAN CHIEF MARKETING OFFICER 50.00 X 178489 0 11524 SHANE GARMAN CHIEF ADMINISTRATIVE OFFICER & LEGAL COUNSEL 50.00 X 153840 0 39662 JIM MILLER CHIEF OF SPORTS PERFORMANCE 50.00 X 302325 0 60581 SCOTT USHER CHIEF OF CORPORATE DEVELOPMENT 50.00 X 166422 0 21200 ERIN HARWELL DIRECTOR OF SPRINT TRACK 50.00 X 138296 0 20313 ASHLEE DAILEY CONTROLLER 50.00 X 134201 0 22948 GARY SUTTON HEAD ENDURANCE TRACK COACH 50.00 X 123079 0 30023 KELSEY ERICKSON EXEC DIRECTOR OF ATHLETE HEALTH & WELLNESS 50.00 X 126480 0 21844 JAMIE STAFF BMX & SPRINT TRACT PERFORMANCE 50.00 X 129976 0 36797 2622473 0 406658 14 0 1 0 FAIRLY GROUP PO BOX 1302 AMARILLO TX 79105 INSURANCE PREMIUM 1077997 BOWTIE 6123 ELDORA STREET GOLDEN CO 80403 IT CONSULTING 343204 LIFE BY SPOT INC 500 W 2ND ST 1900 AUSTIN TX 79414 INSURANCE PREMIUM 224771 LOOSELY COUPLED LLC 4108 S OWASSO AVENUE TULSA OK 80521 IT CONSULTING 144000 SPORTS BASE EVENTS INC 128 TIMBER LAKES ESTATES HERBER CITY UT 81501 NATIONAL EVENT SERVICES 137072 5 2179134 4517757 176400 6696891 MEMBERSHIP DUES 713990 4853133 4853133 SANCTIONING & ENTRY FEES 711210 2496526 2496526 CAMPS, CLINICS & OTHER 711300 1409945 1409945 SPONSORSHIP & LICENSING 713990 572752 572752 9332356 279066 279066 149841 129243 20598 20598 20598 234078 190059 44019 44019 44019 59716 64333 -4617 -4617 16368313 9327739 0 343683 X 2245173 1357586 712899 174688 2343989 1963923 280871 99195 236142 186559 49583 490713 406402 62839 21472 316702 241769 55905 19028 84436 900 83536 26148 3729 22419 28028 28028 2712681 2548511 140366 23804 196593 195349 99 1145 121675 100709 16511 4455 315234 298243 13383 3608 192777 177577 13151 2049 2343245 2190761 131852 20632 34176 27665 5924 587 528531 501258 22391 4882 1726408 1589324 137084 GEAR, EQUIPMENT, & SUPP 462470 454875 6574 1021 FULFILLMENT COSTS 189429 189429 VALUE IN KIND 161108 160326 285 497 BANK & CREDIT CARD PROC 130498 11045 119435 18 48571 60973 -12780 378 14934727 12666913 1890355 377459 72695 376409 4071458 2753195 1173660 2066799 149774 146109 55549 223093 10323395 5186760 5651662 5136635 8545644 7041074 1 1 699455 2560196 20419898 20303511 2681329 2309420 2445829 2440856 2559343 3087503 7686501 7837779 X 12475469 10355909 257928 2109823 12733397 12465732 20419898 20303511 1433586 -1701251 0 X X 0 1 X 1 0 X 3989298 4741117 5003768 5511795 6696891 25942869 10631216 10603385 5489800 8410442 9392072 44526915 93460 50186 143646 14620514 15344502 10587028 13972423 16088963 70613430 0 0 0 70613430 381099 383568 225670 352079 428907 1771323 381099 383568 225670 352079 428907 1771323 15001613 15728070 10812698 14324502 16517870 72384753 0.97550 0.97720 0.02450 0.02280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16980 42 42 16980 16980 42 42 16980 16980 42 42 16980 16980 42 42 16980 16980 42 42 16980 1.00000 0 0 649145 649145 7027205 2801219 4225986 220373 152564 67809 2166167 2038348 127819 260505 194629 65876 5136635 DUE FROM USA CYCLING DEVELOPMENT FOUNDATION 2224957 DUE FROM USOPC 251200 DUE FROM USA CYCLING BV 62238 SECURITY DEPOSIT 10000 RIGHT OF USE ASSET 11801 2560196 INSURANCE LITIGATION RESERVES 3075702 LEASE LIABILITY 11801 3087503 X PART X, LINE 2: THE CORPORATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL INCOME TAX. ACCORDINGLY, NO INCOME TAX PROVISION HAS BEEN RECORDED. THE CORPORATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX IS SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE DATE FILED. MANAGEMENT OF THE CORPORATION BELIEVES THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. SCHDULE D, PAGE 4, PART XI AND XXII, LINE 2D THE AUDITED FINANCIAL STATEMENTS ARE PREPARED ON A CONSOLIDATED BASIS, AND THEREFORE THE FINANCIALS OF USA CYCLING, INC. AND USA CYCLING BV ARE REPORTED ON A CONSOLIDATED BASIS. THIS RECONCILIATION ELIMINATES THE ACTIVITY OF USA CYCLING BV FROM THE CONSOLIDATED AMOUNTS, REPORTING THE USA CYCLING, INC. REVENUE AND EXPENSE ON FORM 990. EUROPE 1 2 PROGRAM SERVICES PROVIDING SUPPORT FOR ATHLETES TO RACE AND TRAIN IN THE REGION. 1258784 SOUTH AMERICA 0 0 PROGRAM SERVICES PROVIDING SUPPORT FOR ATHLETES TO RACE AND TRAIN IN THE REGION. 82367 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES PROVIDING SUPPORT FOR ATHLETES TO RACE AND TRAIN IN THE REGION. 462799 NORTH AMERICA 0 0 PROGRAM SERVICES PROVIDING SUPPORT FOR ATHLETES TO RACE AND TRAIN IN THE REGION. 609352 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGAM SERVICES PROVIDING SUPPORT FOR ATHLETES TO RACE AND TRAIN IN THE REGION. 2500 1 2 0 0 1 2 2415802 0 2415802 0 0 1 0 0 0 PART III ACCOUNTING METHOD: 1 X X X X X 1 0 0 0 0 0 0 1 1 0 TODD SOWL FORMER CFO AND TREASURER 64729 0 56717 0 337895 0 19213 0 17408 0 495962 0 0 0 BRENDAN QUIRK PRESIDENT & CEO 356917 0 0 0 745 0 9244 0 28911 0 395817 0 0 0 JIM MILLER CHIEF OF SPORTS PERFORMANCE 244434 0 57281 0 610 0 30964 0 29617 0 362906 0 0 0 CHARLES HODGE CHIEF OF RACING AND EVENTS 219707 0 35058 0 538 0 26129 0 21907 0 303339 0 0 0 SHANE GARMAN CHIEF ADMINISTRATIVE OFFICER & LEGAL 144587 0 9039 0 214 0 18438 0 21224 0 193502 0 0 0 ERIKA LEHMAN CHIEF MARKETING OFFICER 178327 0 0 0 162 0 0 0 11524 0 190013 0 0 0 SCOTT USHER CHIEF OF CORPORATE DEVELOPMENT 166269 0 0 0 153 0 0 0 21200 0 187622 0 0 0 JAMIE STAFF BMX & SPRINT TRACT PERFORMANCE 121379 0 8423 0 174 0 13496 0 23301 0 166773 0 0 0 ERIN HARWELL DIRECTOR OF SPRINT TRACK 134282 0 3720 0 294 0 4124 0 16189 0 158609 0 0 0 ASHLEE DAILEY CONTROLLER 124200 0 9737 0 264 0 13351 0 9597 0 157149 0 0 0 GARY SUTTON HEAD ENDURANCE TRACK COACH 113949 0 8546 0 584 0 12555 0 17468 0 153102 0 0 0 PART I, LINE 4A TODD SOWL RECEIVED $275,236 OF SEVERANCE PAY INCLUDED IN OTHER COMPENSATION, PART I, LINE 7 EMPLOYEES ARE ELIGIBLE FOR DISCRETIONARY, PERFORMANCE BASED BONUSES EACH YEAR. PART I, LINE 8 ROB DEMARTINI WAS PAID PURSUANT TO A CONTRACT SUBJECT TO THE INITIAL CONTRACT EXCEPTION. CGM FINANCIAL CONSULTING ENTITY OWNED BY OFFICER, CARA MILLER 108188 PROVIDES CONSULTING CFO SERVICES TO ORGANIZATION 0 X CLOTHING AND OTHER 2 176400 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION IS A MEMBERSHIP ORGANIZATION. MEMBERS HAVE VOTING RIGHTS FOR PURPOSES OF ELECTING MEMBERS OF DIFFERENT SPORT COMMITTEES. FORM 990, PART VI, SECTION A, LINE 7A ELIGIBLE ATHLETES DIRECTLY ELECT FOUR ATHLETE POSITIONS ON THE BOARD OF DIRECTORS. THE USA CYCLING DEVELOPMENT FOUNDATION APPOINTS THREE DIRECTORS TO THE USA CYCLING BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A ELIGIBLE ATHLETES DIRECTLY ELECT THE ELIGIBLE ATHLETES ON OUR BOD. FORM 990, PART VI, SECTION A, LINE 8B CONTEMPORANEOUS MINUTES ARE DOCUMENTED FOR SOME, BUT NOT ALL COMMITTEE MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE CFO AND THEN IT WILL BE SENT TO THE CEO AND BOARD OF DIRECTORS FOR REVIEW AND GIVEN A DATE TO GIVE COMMENTS BY. ANY MODIFICATIONS WILL BE MADE AND THEN THE 990 IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, COMMITTEE MEMBERS, EMPLOYEES, AND OTHER AGENTS OF USA CYCLING ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT. ANNUALLY, EACH DIRECTOR, COMMITTEE MEMBERS, EMPLOYEE, AND OTHER AGENTS OF USA CYCLING WILL BE PROVIDED A DISCLOSURE STATEMENT FORM CONCERNING THE CONFLICT OF INTEREST POLICY. THESE FORMS ARE TO BE COMPLETED AND RETURNED TO THE CHIEF FINANCIAL OFFICER (CFO) OF USA CYCLING OR HIS OR HER DESIGNEE, EVEN IF THERE ARE NO CONFLICTS OF INTEREST. ANNUALLY, AND BEFORE THE FIRST ANNUAL BOARD MEETING, EACH INDIVIDUAL SHOULD OPENLY AND FORTHRIGHTLY IDENTIFY ANY AREAS THAT REPRESENT A CONFLICT OF INTEREST, APPEARANCE OF A CONFLICT, APPEARANCE OF IMPROPRIETY, OR A POTENTIAL CONFLICT OF INTEREST. IF THERE IS ANY UNCERTAINTY AS TO WHETHER A MATTER IS REQUIRED TO BE DISCLOSED, THE MATTER SHOULD BE DISCLOSED. EACH INDIVIDUAL WILL DISCLOSE ALL OF THE DIRECTORSHIPS AND OFFICER POSITIONS HELD IN FOR- PROFIT OR NOT-FOR PROFIT ORGANIZATIONS, AS WELL AS ANY CONSULTING AND EMPLOYMENT RELATIONSHIPS IN ANY CONCERN WITH WHICH HE HAS REASON TO BELIEVE USA CYCLING DOES BUSINESS WITH OR FROM WHICH USA CYCLING WILL SECURE GOODS OR SERVICES, AND WHICH HE HAS REASON TO BELIEVE MAY BE AFFECTED BY HIS ACTIONS ON BEHALF OF USA CYCLING OR ACTIONS OF USA CYCLING. INDIVIDUAL OR FAMILY OWNERSHIP IN BUSINESS VENTURES WHERE MORE THAN FIVE PERCENT OF THE TOTAL VALUE OF THE COMPANY IS OWNED OR WHERE MORE THAN TEN PERCENT OF THE OUTSTANDING SHARES ARE OWNED, REQUIRES DISCLOSURE. EACH INDIVIDUAL WILL ALSO DISCLOSE FAMILY RELATIONSHIPS IN WHICH HIS OR HER OR THEIR IMMEDIATE FAMILY ARE EMPLOYED BY OR RENDER SERVICES TO ANY OUTSIDE CONCERN THAT DOES BUSINESS WITH USA CYCLING. EACH INDIVIDUAL WILL ALSO DISCLOSE ANY CONFIDENTIAL INFORMATION OF USA CYCLING THAT HAS BEEN USED OR DISCLOSED FOR ANY PURPOSE OTHER THAN TO CARRY OUT THAT PERSON'S DUTIES. AS CONFLICTS OF INTEREST ARISE THROUGHOUT THE YEAR, EACH INDIVIDUAL MUST SUBMIT AN UPDATED DISCLOSURE FORM WITHIN 30 DAYS OF THE CONFLICT OF INTEREST ARISING. AT LEAST ONCE PER YEAR, THE BOARD OF DIRECTORS OF USA CYCLING WILL REVIEW THE CONFLICT OF INTEREST DISCLOSURES AT A MEETING OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS THE PERFORMANCE OF THE CEO, AND WITH COMPARABLE DATA, RECOMMENDS COMPENSATION TO THE FULL BOARD OF DIRECTORS. THE FULL BOARD REVIEWS AND APPROVES THE COMPENSATION. THE CEO DETERMINES THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES BASED ON PERFORMANCE AND MARKET CONDITIONS INCLUDING LOOKING AT OTHER 990S AND COMPENSATION SURVEYS. COMPENSATION OF OFFICERS AND KEY EMPLOYEES ALSO REVIEWED BY THE CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 FORM 1023 IS AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE. GOVERNING DOCUMENTS, TAX RETURNS, FINANCIAL STATEMENTS AND THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE VIA THE ORGANIZATION'S WEBSITE. FORM 990, PAGE 7, PART VII, SECTION A: NO BOARD MEMBER IS COMPENSATED FOR THEIR SERVICE ON THE BOARD, EXCEPT THE CEO, WHO IS AN EMPLOYEE OF THE ORGANIZATION. SOME BOARD MEMBERS RECEIVE PAYMENTS FOR CONTRACT COACHING AND PROGRAM CONSULTING SERVICES. THERE ARE ADDITIONAL MEMBERS LISTED ON THE SCHEDULE OF COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES, AND INDEPENDENT CONTRACTORS DUE TO TURNOVER IN POSITIONS ON THE BOARD DURING THE YEAR. FORM 990, PART IX, LINE 11G CONTRACT LABOR & FEES: PROGRAM SERVICE EXPENSES 2,548,511. MANAGEMENT AND GENERAL EXPENSES 140,366. FUNDRAISING EXPENSES 23,804. TOTAL EXPENSES 2,712,681. FORM 990, PAGE 12, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. USA CYCLING DEVELOPMENT FOUNDATION 210 USA CYCLING POINT COLORADO SPRINGS CO 80919 841529751 PROVIDE FINANCIAL SUPPORT TO USA CYCLING, INC. CO 501(C)3 509(A)(3) USA CYCLING DEVELOPMENT FOUNDATION 0 USA CYCLING BV MULTALTULILAAN 6 ROOSENDAAL NL 4707LZ SUPPORT FOR CYCLING ATHLETE PROGRAMS NL USA CYCLING INC C 1.00000 1 1 0 1 1 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 USA CYCLING BV A 2505 CASH USA CYCLING BV D 62238